Smartleaf Asset Management LLC Increases Stake in TotalEnergies SE (NYSE:TTE)

Smartleaf Asset Management LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 178.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,168 shares of the company's stock after purchasing an additional 4,597 shares during the quarter. Smartleaf Asset Management LLC's holdings in TotalEnergies were worth $391,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Barclays PLC grew its holdings in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company's stock valued at $43,564,000 after buying an additional 490,187 shares during the last quarter. FMR LLC increased its position in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock valued at $804,211,000 after purchasing an additional 324,033 shares during the period. DRW Securities LLC lifted its position in shares of TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company's stock worth $4,149,000 after buying an additional 250,427 shares during the period. Finally, Equity Investment Corp grew its stake in TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company's stock worth $112,193,000 after buying an additional 196,277 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded up $1.15 during trading hours on Wednesday, reaching $61.02. 2,092,022 shares of the stock traded hands, compared to its average volume of 1,502,785. The company has a 50 day moving average price of $58.73 and a 200 day moving average price of $61.75. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $146.32 billion, a price-to-earnings ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, equities research analysts expect that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TTE. BNP Paribas lowered TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Piper Sandler decreased their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, TotalEnergies presently has an average rating of "Moderate Buy" and an average price target of $72.42.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.